ST Xi Fa: Court ruling to accept reorganization, stock will be subject to delisting risk warning.

ST Xifa announced that on April 24th, the company received a civil ruling from the Lhasa Intermediate People's Court accepting the reorganization application from creditors Dazhou Baiyi and Xinjiang Riguan against the company, appointing Shanghai Jintiancheng Law Firm and others as joint administrators. Due to the court's acceptance of the reorganization, in accordance with the listing rules of the Shenzhen Stock Exchange, the company's stock will be suspended on April 27th for one day. Upon resumption of trading on April 28th, the stock will be subject to delisting risk warnings, with the stock abbreviation changed to "*ST Xifa", while the securities code remains the same and the daily trading limit remains at 5%. If the reorganization fails and the company is declared bankrupt, the company's stock will face the risk of being delisted. The company will cooperate with the court and administrators to advance the reorganization process, striving to improve the asset-liability structure and operating conditions.